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mylab.pearson.com Homework ECN 104 - F2025 - Section 011 @ Homework: Homework 4 Noorman Hothi 11/05/259:23PM =) Question Completed: 28 of 60 Part 2 of 3 My score: 24.53/60 pts (40.89%) a Minimize list 25 26 27 x @ 30 ai 32 Ge} Etext pages Review Question 9 Question | 1/1 pt Review Question 11 Question | 1/1 pt Review Question 12 Question | 1/1 pt Text Problem 4 Question | 0.5/1 pt Text Problem 8 Question | 0/1 pt Text Problem 11 Question | 0/1 pt Concept Question 9.4.2 Question | 0/1 pt Concept Question 9.4.4 Questian | 0/1 nt Grapher Acollege campus must decide whether to spend $40,000 to clear sidewalks of snow during the winter. There are 4,000 students. One thousand of these students are willing to pay up to $30 each to walk on a snowless sidewalk. The other 3,000 are willing to pay $8 each. In terms of efficiency, which of the following statements is true? The university should not pay $40,000 to keep the snow off the sidewalks, since marginal social benefit is greater than marginal social cost. The university should pay $40,000 to keep the snow off the sidewalks, since marginal private cost is greater than marginal benefit. The university should pay $40,000 to keep the snow off the sidewalks, since total benefit is greater than total cost. The university should not pay $40,000 to keep the snow off the sidewalks, since marginal social cost is greater than marginal private cost. Suppose the university imposed a $10 fee to cover the cost. This would raise the $40,000 necessary but might make many students upset. Which of the following is likely to happen if the decision to clear snow were put up for a university-wide vote? A. Amajority-rule vote would induce the university to start collecting money for snow removal, since all the 4,000 students would support the proposed decision. B. A majority-rule vote would induce the university to start collecting money for snow removal, since 3,000 students would support the proposed decision. C. Amaiority-rule vote would induce the university to stop collecting money for snow removal, since 3,000 students would not support the proposed decision. D. Amaiority-rule vote would induce the university to stop collecting money for snow removal, since all the 4,000 students would not support the proposed decision